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Dec 30, 2012 6:30pm EST
they are and there should an up or down vote. >> reporter: if they reach a deal it won't pass congress necessarily by monday night. if it doesn't every body income tax also go up. average family would pay an extra $3446 more in 2013. and farm programs would expire. potentially doubling the price of milk. and if congress doesn't pass a new bill. >> we will come back with a new congress in january 4th and the first bill that will be introduced will be class families. >> reporter: the bargaining continues tonight. abc news, new york. >> for more on the fiscal cliff we have you covered. go to head to the home page slide show for breakdown of what difference scenarios in -- difficulty scenarios in washington -differ scenarios in washingtoncould different scenarios could mean in washington. >>> look at the flames shooting from this house. investigators say a 4-year-old saw the fire and told his grandmother because his parents were not home. man inside tried to put it out- - -- a man inside tried to put piet out but the flames were too intense. no one was injured but the fire caused more than $100,00
Dec 30, 2012 2:00pm PST
'll be finding that these people are still hard at it and maybe calling congress into session tomorrow night which is a really rotten way to end the year. >> jared, explain for our viewers what it really means to go over the cliff. >> well, first of all, as a former jazz bassist i have to appreciate the citing of "so what" because that's a bass feature. look, i've got to say. going over the cliff at this point i think is better than accepting a bad deal, and i don't think that we should operate from the perspective that going over the cliff temporarily must be avoided at all costs because a short trip over the cliff, what you might think of as a bungee jump, is a lot better in the longer term both for the economy and for deficit reduction than crafting a deal at the very last minute that would be just some kind of an ugly frankenstein. now, the -- the worst part about going over the cliff is that a couple of million people actually lose their unemployment benefits, so i don't want to say that it's painless because it's not, but it -- it does -- there is a scenario by which you could reverse
Dec 30, 2012 6:00pm EST
. >> a political showdown with only one certainty, tomorrow night's deadline. the president has a plan c, reversing the effects of the cliff on january 4 when the new congress is in town. >> if america does fall off the fiscal cliff, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. sarah sampson continue our coverage. >> maryland has very strong ties to the federal government. lots of federal workers and businesses that rely on the federal workers. all of them are keeping a close eye on negotiations. according to a report earlier this year by the state department of legislative services, maryland stands to lose 53,000 jobs in 2013 if lawmakers cannot come to an agreement. the state will also lose tax revenue estimated at about $260 million for 2013. if the cuts go through, the state will lose $117 million in federal funding for 2013. that is money the state has already factored into its budget. >> it is gone to affect social service programs -- it is going to affect social service programs as well as some of our defense contractors in maryland. it is g
FOX News
Dec 30, 2012 7:00am PST
sides pitching their proposals. but at this late point, some say any chance that congress has of averting the fiscal cliff will take serious late night legislative wrangling. good morning. i'm eric shawn. i'm heather childers in for jamie colby. without a deal the countdown to 2013 also a countdown to smaller pay checks for nearly all americans as the fiscal cliff tax hikes are set to take a bigger bite and the military facing serious cutbacks along with other federal programs that millions of americans count on. >> ed henry live at the white house with the latest on the negotiations. ed, we are really getting down to the wire. what did the president say this morning and will that make a difference? >> good morning, eric. part of what he was doing was putting the onus on republicans. this s his first sunday mornig appearance since 2009. on meet the press. now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next
Dec 30, 2012 4:00am PST
and spending cuts take effect. senate negotiators stayed late into the night trying to work out a plan that would pass a vote. both houses of congress would convene later this afternoon in a rare sunday session. in his weekly address, the president took his message directly to the public calling for congress to come together to pass a deal. >> for the past couple months, i have been working with people in both parties with the help of business leaders and ordinary americans to come together around a plan to grow the economy and shrink our deficits. it's a balance plan. one that would protect the middle class, cut spending in a responsible way and ask the wealthiest americans to pay a little more. and i'll keep working with anybody who's serious about getting a comprehensive plan like this done because it's the right thing to do for our economic growth. but we're now at the point where in just a couple of days the law says that every american's tax rates are going up. every american's paycheck will get a lot smaller. and that would be the wrong thing to do for our economy. it would hurt
FOX News
Dec 30, 2012 3:00am PST
. the president did this late at night, hoping to slip this in. it doesn't read well when congress is getting nothing done, certainly not based on merit. here is peter schweitzer from stanford, university. >> the cost of this, according to the congressional budget office is going to be about 1 billion dollars a year. that makes no sense in terms of the merits, the performance in washington has been terrible. it makes no sense in terms of the politics and the atmospherics. i mean, they're getting the pay raise before they've even fixed the fiscal cliff. who gets a pay raise before the job is even done? so it's a ridiculous notion and it shows to me, really, how out of touch washington d.c. is with the rest of the country. >> dave: they're not enormous raises, most of people between 1/2% and 1%, but most americans are out of work and pay freezes across. >> juliet: yeah. >> dave: and the problem is merit. as peter just mentioned, this is one of the least productive groups in congress since the 1940's in terms of bills they passed, being signed into law. >> juliet: why can't they just not have a
Dec 30, 2012 6:00am EST
francis scott key play? sunday night at 10:00 p.m. eastern. on c-span 2's book tv. >> next, california representative jerry lewis, who is retiring at the close of being 112th congress. this is about half an hour. >> congressmen jerry lewis, you are leaving after three plus decades here. in what ways is this institution different than when you joined? >> there have been many changes. the most significant difficulty with those changes is we have tended recently to more and more polarized ourselves. there is a tendency to want to paint everything in partisan terms. 90% of the issues we deal with have nothing to do with partisan politics. we are here to attempt to respond to our constituency needs in a way that reflects their priorities. the partisanship has gotten in the way of members working with each other. >> can you trace the roots of that? >> i think i can. i arrived here in 1979. one of my classmates was newt gingrich. early on, he took on as his target, the speaker jim wright. that was the beginning of some of this polarization. it was a better time. since those last couple of dec
Dec 30, 2012 5:00am PST
for congress to make a deal and avoid the fiscal cliff. leaders from both political parties have expressed hope that a deal can be reached. in the senate negotiators worked late into the night trying to put together a plan, and the whole senate will come together in a few hours from now for a rare sunday session beginning at 1:00. an hour later the house will meet. in a world far away from the capitol, everyday americans are growing frustrated with political leaders and their lack of action when so much is at stake. we asked or cnn i-reporters to send us their messages for washington and we got a ton of responses. lynn to vernon hill with a bit of advice for politicians. >> my new year's message it to washington is to grow up, act like adults, do juror jobs or resign immediately. we are tired of you being useless and refusing to do your jobs. >> here's one from missy with her take on the men and women in congress. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in la-la land and everyone is saying how you're
FOX News
Dec 30, 2012 3:00pm PST
billion in tax increases. what are those tax increases? bush tax cuts expire at midnight tomorrow night and you'll wake up the next morning and face a higher tax rate unless congress acts. there's also a possibility of a $108 billion in spending cuts. this is largely the defense department as we talked about and also money that ends up in people's pockets. there's an economic impact. >> i misspoke, i said tuesday at midnight. tomorrow at midnight. >> yes, december 31. >> the money is personal for people. you start to talk about budging a household. for the average family? >> 3500 bucks is the income tax hit. >> above what they're paying. >> and additional 3500 for median income. that goes up dramatically the wealthier you are. tens of thousands of dollars more. you could on the hook for a real hit. >> the argument is the wealthy won't feel it but they won't spend it either. >> that's the point. a lot of those people paying higher taxes own small businesses and will opt not to hire and it will ripple through the economy. >> it hurts when i hear you say job losses because we have so many
Dec 30, 2012 7:45am EST
the river at night. can't do that. [laughter] won't work on a 30-second commercial. [laughter] our second volume's valley forge. and, by the way, if you want to see a congress that's truly incompetent, don't rely on the current model. they're amateurs. go back and look at the continental congress. 14,000 soldiers cross a ridge into the valley that's called valley forge promised by the congress that they would have money, they would have supplies, and they'd have equipment to build cottages. they have one axe for 14,000 people. and we did, we wrote valley forge in part to remind folks it's always hard to be free. it's always difficult. and washington going through the most bitter winter in the history of the american army transforms the army by bringing in an officer who understands the most important thing: americans aren't europeans. i would say this to the current congress, the current people in washington, the current news media, we're not spain, we're not greece, we're not totally messed up like europe. this is a country where if we could just get government to quit screwing up, we wo
Dec 30, 2012 10:30am EST
most about congress? >> the camaraderie. i was the founder of the republican study committee. i was talking to them the other night. there were honoring the as one of the founders. i said, when i was 19 years old and in the army, i was lying on my bunk and looking around the room all the guys i had gone through all that held with in basic training. i was thinking, -- hellall thatl with basic training. i was thinking, i am not going to see these guys again. >> what will be not miss? >> -- you not miss? >> the feeling that we are not getting anything done. >> in a few words, what would your legacyou like your legacy ? >> i would like people to think, he might have been a bulldog, but he was a man who believed in honesty and integrity and the things that were right for this country. regardless of how difficult it was, he kept to those principles. i hope they will look at me like that. i know what people think and a bad guy. a helping the man of integrity. >> -- i hope they think i am a man of integrity. >> what do you want to do next? >> i think i can help some international compan
Dec 30, 2012 2:00pm EST
negotiations. a proposal was submitted to the democrats last night from senator mcconnell's office. aline on our independent line from tennessee. you are on the air. caller: i like to ask the people governing the senate and congress and everyone else to try to live on social security after you have worked all of your life. you get this small thing of social security. that is what you have to live on. every time you turn around they are taking from everything. host: thanks for calling. it does appear the cost-of- living increases on social security payments is a bone of contention among some members. we will take a couple more phone calls and show you speeches from earlier this afternoon. a rare sunday session for the house and senate. senator barbara boxer and earlier today said this is the first time since 1962 the house and senate have met between christmas and new year's. i am not sure that is entirely accurate, but those were her comments earlier on the senate floor. don is on our republican line. caller: i was wondering if the contracts between the foreign nations and the aid that we
Dec 30, 2012 7:00am PST
. the american red cross provided hotel accommodations for 19 people last night. s cause of the fire has not been determined. >>> dianne feinstein says she is optimistic that some type of agreement will be reached to avert the fiscal cliff. both houses of congress will reconvene today. the senate is expected to work two hours from now. while president obama wants a tax increase for those earning $250,000 there is a proposal on the table that raises that income threshold to $400,000. >> i think we need a deal. we should do a deal. if lindsey and i could sit down we will put that together. i think the leadership is now working. >> republicans hope to raise the income threshold to $400,000 and keep state taxes low. if the parties can't agree, presidt oba -- [lost audio] >>> and parts of ohio the latest storm comes days after the region's were hit by another storm which is being blamed for add least 16th deaths. the national weather service is expecting up to a foot of new storm. officials have lowered the speed limit on the pennsylvania term pike. boston's mayor announced a snow emergency in parts o
Search Results 0 to 12 of about 13